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🚨📣: US President Donald Trump is preparing to fire Federal Reserve Chairman Jerome Powell, indicating that a decision on the appointment of a new Fed chair will be made "very soon."

Trump has been consistently criticized for his inability to influence Fed policy and has asked the Supreme Court to remove senior officials from independent federal agencies.

Trump believes the ideal central bank chairman is one who takes decisive action to lower interest rates, and former Fed Governor Keefe Warsh is rumored to be a potential candidate for the position.

Trump believes Warsh's criticism of the Fed's aggressive market interventions and expanding its balance sheet has exacerbated inflation and federal debt.